REG - Citadel Group Beazley PLC - Form 8.3 - Beazley plc

BeazleyAnnouncement

05/02/2026 15:00

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RNS Number : 9070R  Citadel Group  05 February 2026

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                      Citadel Group
 (b) Owner or controller of interests and short positions disclosed, if           N/A
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form   BEAZLEY PLC
 relates:

      Use a separate form for each offeror/offeree
 (d) If an exempt fund manager connected with an offeror/offeree, state this      N/A
 and specify identity of offeror/offeree:
 (e) Date position held/dealing undertaken:                                       4 February 2026

      For an opening position disclosure, state the latest practicable date
 prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making           N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing
(if any)

 

 Class of relevant security:                                          ISIN GB00BYQ0JC66

                                                                      5p ordinary
                                                                      Interests         Short positions

                                                                      Number     %      Number    %
 (1) Relevant securities owned and/or controlled:                     29,706     0.00   0         0.00
 (2) Cash-settled derivatives:                                        8,135,255  1.35   18,943    0.00

 (3) Stock-settled derivatives (including options) and agreements to  0          0.00   0         0.00
 purchase/sell:
                                                                      8,164,961  1.36   18,943    0.00

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:   N/A
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

 Class of relevant security  Purchase/sale     Number of securities  Price per unit

 Common                      Buy Transaction   6,809                 12.4300 GBP
 Common                      Buy Transaction   14,023                12.4400 GBP
 Common                      Buy Transaction   17                    12.4453 GBP
 Common                      Buy Transaction   17,888                12.4500 GBP
 Common                      Buy Transaction   4,626                 12.4600 GBP
 Common                      Buy Transaction   3,057                 12.4700 GBP
 Common                      Buy Transaction   1,144                 12.4750 GBP
 Common                      Buy Transaction   4,594                 12.4800 GBP
 Common                      Buy Transaction   10,119                12.4900 GBP
 Common                      Buy Transaction   5,671                 12.5000 GBP
 Common                      Buy Transaction   1,512                 12.5300 GBP
 Common                      Buy Transaction   1,598                 12.5400 GBP
 Common                      Buy Transaction   7,275                 12.5500 GBP
 Common                      Buy Transaction   18,264                12.5600 GBP
 Common                      Buy Transaction   10                    12.5650 GBP
 Common                      Buy Transaction   8,570                 12.5700 GBP
 Common                      Buy Transaction   6,674                 12.5800 GBP
 Common                      Buy Transaction   23,741                12.5900 GBP
 Common                      Buy Transaction   32,456                12.6000 GBP
 Common                      Buy Transaction   9                     12.6056 GBP
 Common                      Buy Transaction   35,465                12.6100 GBP
 Common                      Buy Transaction   10,316                12.6200 GBP
 Common                      Buy Transaction   626                   12.6400 GBP
 Common                      Buy Transaction   9,475                 12.6500 GBP
 Common                      Sell Transaction  2,323                 12.4000 GBP
 Common                      Sell Transaction  17,338                12.4300 GBP
 Common                      Sell Transaction  108                   12.4350 GBP
 Common                      Sell Transaction  1,353                 12.4400 GBP
 Common                      Sell Transaction  15,603                12.4500 GBP
 Common                      Sell Transaction  356                   12.4600 GBP
 Common                      Sell Transaction  7,679                 12.4800 GBP
 Common                      Sell Transaction  14,619                12.4900 GBP
 Common                      Sell Transaction  1,874                 12.5000 GBP
 Common                      Sell Transaction  10                    12.5100 GBP
 Common                      Sell Transaction  12                    12.5200 GBP
 Common                      Sell Transaction  12,971                12.5400 GBP
 Common                      Sell Transaction  6,475                 12.5500 GBP
 Common                      Sell Transaction  479                   12.5600 GBP
 Common                      Sell Transaction  21,769                12.5700 GBP
 Common                      Sell Transaction  732                   12.5750 GBP
 Common                      Sell Transaction  138                   12.5751 GBP
 Common                      Sell Transaction  19,206                12.5800 GBP
 Common                      Sell Transaction  108                   12.5850 GBP
 Common                      Sell Transaction  207                   12.5851 GBP
 Common                      Sell Transaction  6,639                 12.5900 GBP
 Common                      Sell Transaction  45,546                12.6000 GBP
 Common                      Sell Transaction  378                   12.6050 GBP
 Common                      Sell Transaction  69                    12.6051 GBP
 Common                      Sell Transaction  65                    12.6051 GBP
 Common                      Sell Transaction  27,013                12.6100 GBP
 Common                      Sell Transaction  3,780                 12.6200 GBP
 Common                      Sell Transaction  41                    12.6300 GBP
 Common                      Sell Transaction  23                    12.6400 GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 Common                      CFD                  Increasing long position                                                       41,472                          12.4000 GBP
 Common                      CFD                  Reducing long position                                                         506                             12.4000 GBP
 Common                      CFD                  Increasing long position                                                       200,000                         12.4268 GBP
 Common                      CFD                  Increasing long position                                                       250,000                         12.4600 GBP
 Common                      CFD                  Increasing long position                                                       136,202                         12.4739 GBP
 Common                      CFD                  Increasing long position                                                       50,000                          12.4851 GBP
 Common                      CFD                  Increasing long position                                                       30,825                          12.5274 GBP
 Common                      CFD                  Increasing long position                                                       871,707                         12.5277 GBP
 Common                      CFD                  Increasing long position                                                       57,510                          12.5600 GBP
 Common                      CFD                  Increasing long position                                                       97,791                          12.5679 GBP
 Common                      CFD                  Reducing long position                                                         4,538                           12.5724 GBP
 Common                      CFD                  Increasing long position                                                       325,000                         12.5750 GBP
 Common                      CFD                  Increasing long position                                                       839,176                         12.5889 GBP
 Common                      CFD                  Increasing long position                                                       125,000                         12.6000 GBP
 Common                      CFD                  Reducing long position                                                         169                             12.6006 GBP
 Common                      CFD                  Increasing long position                                                       233                             12.6100 GBP
 Common                      CFD                  Reducing long position                                                         15                              12.6307 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the person
 making the disclosure and any party to the offer or any person acting in
 concert with a party to the offer:

 Irrevocable commitments and letters of intent should not be included.  If
 there are no such agreements, arrangements or understandings, state "none"

 None

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the person making the disclosure and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"

 None

 

(c)        Attachments

 

 Is a Supplemental Form 8 (Open Positions) attached?  NO

 

 

 Date of disclosure:  5 February 2026
 Contact name:        Paula Santos
 Telephone number*:   020 7645 9700

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

 

 

 

 

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